The T-accounts tor Equipment and the related Accumulated Depreciation-Equipment for Concord Corporation at the end of 2022 are shown here. Fquipment lons 56,000 Disposals 15,400 Support Beg. bal. Acquisitions 29,120 End, bal. 69,720 Accum. Depr. Equipment Disposals 3,570 Beg. bal. 31,150 Depr. exp. 8,400 End, bal. 35,980 In addition, Concord Corporation's income statement reported à loss on the disposal of plant assets of $2,450. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) PC Cash flow from sale of equipment $ eTextbook and Media 12:41 PM 4/25/2020 F6 F9 PrtSc F10 F11 Insert Delete F12 144 1. Backspace Num Lock PI + I|

The T-accounts tor Equipment and the related Accumulated Depreciation-Equipment for Concord Corporation at the end of 2022 are shown here. Fquipment lons 56,000 Disposals 15,400 Support Beg. bal. Acquisitions 29,120 End, bal. 69,720 Accum. Depr. Equipment Disposals 3,570 Beg. bal. 31,150 Depr. exp. 8,400 End, bal. 35,980 In addition, Concord Corporation's income statement reported à loss on the disposal of plant assets of $2,450. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) PC Cash flow from sale of equipment $ eTextbook and Media 12:41 PM 4/25/2020 F6 F9 PrtSc F10 F11 Insert Delete F12 144 1. Backspace Num Lock PI + I|

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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n The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Oriole Company at the end of 2022 are shown here. Equipment Beg. bal. 75,600 Disposals 21,800 Acquisitions 45,500 End. bal. 99,300 Accumulated Depreciation-Equipment Disposals 5,000 Beg. bal. 44,700 Depr. exp. 11,500 End. bal. 51,200 In addition, Oriole Company's income statement reported a loss on the disposal of plant assets of $4,000. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show an amount that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipment eTextbook and Media $
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